To The Moon

Pinduoduo $PDD Holdings Inc(PDD)$ has fallen by 22.43% year-to-date and is still trading 42% below its all-time high. PDD is a multinational online marketplace. However, its main source of revenue is advertising income. It does not hold inventory and is not responsible for fulfillment. Instead of investing its cash flow in building its logistic arms like JD.com and Alibaba, PDD has been heavily spending cash on subsidizing merchandise to woo merchants and outsourcing fulfillment and logistics. PDD is currently relying on its overseas e-commerce unit, Temu, to maintain its high revenue growth momentum. PDD briefly overtook Alibaba in market cap end 2023. Source: Bloomberg, 22 Apr 2024 Earnings Review: Revenue in 4Q2023 rose 123% year-over-year t

Shares in the US dropped today as investors are worried about geopolitical tensions in the Middle East, disappointing bank earnings, and the prospect of the Feds keeping interest rates higher for longer.  Last Monday, Tesla shares rose 4.9% on news that CEO Elon Musk promises a robotaxi reveal on August 8.    The difficulty in releasing an Autonomous Taxi as the Robotaxi is meant to be, is the self driving aspect.  While Tesla has made great strides with FSD v12, it is still a level 2 system that requires active driver supervision.   Some analysts say that Full Self driving technology is still years away from realisation.   So this maybe a setup for more disappointments for investors.  It remains unclear whether Tesla is going ahead with Mo

This week, we will be seeing Google, Microsoft and Meta Platforms releasing their March-quarter earnings. We have seen how mega caps stocks from the Mag 7 have caused the market to move into a downturn amidst a sell-off last week. This week with Google and Microsoft releasing their result on 25 April 2024 after the market close, investors would be watching closely for how their revenues could be lifted by the artificial intelligence–powered services they are providing. We need to take note that last week tech stocks suffered a sell-off after AI spending was reported to be cut, so how much did Google and Microsoft managed to gain in their revenues before spending was cut. March PPI (Data Processing) Dropped AI Revenues Might Benefit There is something we need to be aware of when inflation w

Global markets fall on rate cut expectations and rising Middle East tensions Index changes: 🇺🇸 S&P 500: -0.87% 📉 🇺🇸 Nasdaq: -2.05% 📉 🇪🇺 Stoxx 600 Index: -0.06% 📉 🇯🇵 Nikkei 225 Index: -2.66% 📉 🇭🇰 Hang Seng Index: -0.99% 📉 🇨🇳 CSI 300 Index: -0.78% 📉 * U.S. markets were broadly lower on Friday, with the S&P 500 and Nasdaq Composite down -0.9% and -2.1%, respectively, as poor quarterly earnings and growing pessimism about a Fed rate cut soon also weakened increased market popularity. * Asia-Pacific stocks closed broadly lower, with the CSI 300 and Hang Seng down -0.8% and -1.0% respectively, as investors were rattled by reports of an Israeli missile attack on Iran and rising tensions in the Middle East sparked a scramble for safe-haven assets. * Japan's core CPI, excluding fresh food,

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$S&P 500(.SPX)$ decreased 3.1% last week, $NASDAQ 100(NDX)$ plummeted 5.5%, causing market attention. TMaybe it’s not a bad thing to fall at this position. It can not only digest its overly strong expectations, but also help to restart the interest rate cut trade.Liquidity IssuesThe turning point of financial liquidity in the second quarter will put pressure on U.S. stocks.The difference between the Federal Reserve's balance sheet rule - TGA account - reverse repos is used to measure liquidity within the financial system, which is approximately equal to the scale of reserves in the commercial banking system. Recent changes are that the Fed's monthly balance sheet reduction is still ongoing, but the tax

We have the first weekend after the halving, and the block reward halving forces miners to reassess their operational strategies to maintain profitability in an environment of reduced block rewards. Those who choose to continue with energy-intensive mining practices face the risk of reduced profits, necessitating operational adjustments. In order for miners to continue their survival, there are option presented to either expand their operations or stop the operations entirely. But if we look at the demand for bitcoin especially with the introduction of Spot Bitcoin ETFs, we would see that there have been an increase since last week (Thursday/Friday - 19 April 2024). Bitcoin Current Price and Price History At time of this writing, Bitcoin traded above $65,000 which is much higher than the

As of the close on Friday, $Straits Times Index(STI.SI)$ closed at 3,176.51 points, down 1.26% points last week.During the last 5 trading days, $Riverstone(AP4.SI)$, $Emperador Inc.(EMI.SI)$, $First Sponsor(ADN.SI)$ $First Sponsor(ADN.SI)$, $t PTTEP TH SDR(TPED.SI)$ and $UOB(U11.SI)$ are the top 5 weekly gainers, up 3.95%, 3.49%, 2.68%, 2.04% and 1.22% respectively. $Mapletree Log Tr(M44U.SI)$,